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Showing 311 - 320 of 3918 results for "law"

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

FSCP deregisters adviser for two years

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
A financial adviser who provided "incompetent" SMSF advice has been barred from practising in the industry for two years by the Financial Services and Credit Panel (FSCP). Glenn Paul Meilak helped clients set up SMSFs in a way that was "systemic" and ...

Finance workers worry about job displacement from AI, government urged to take action

KARREN VERGARA  |  WEDNESDAY, 12 FEB 2025
... technology." One recommendation is to amend the Fair Work Act to ensure decision making using AI and ADM is covered under the law so that employers remain liable for these decisions. Another recommendation is for the collaboration of government, employers ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
The industry can now provide feedback on the proposed ban on the use of adverse genetic test results in life insurance, with Treasury commencing consultation today. Treasury has opened consultation on the complete ban, which was announced in September ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
Industry superannuation fund BUSSQ has lost its legal challenge against APRA, with the Federal Court dismissing its bid to overturn additional licence conditions. Last August, APRA imposed additional licence conditions on BUSSQ's trustee over concerns ...

Rest calls for advice reforms, extending SG

ELIZA BAVIN  |  FRIDAY, 31 JAN 2025
... to uplift data integrity, and support efficiencies across the system. In addition, Rest asked the government to reform the law so family violence perpetrators are not able to inherit their victim's superannuation benefits, co-design with First Nations ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
... "failed to carry out or perform adequately and properly the duties and functions of an approved SMSF auditor at Australian law." As a result, Islam was first disqualified in 2024 and will remain disqualified. Additionally, the ART also reiterated "clear ...

Auditors tighten fist on greenwashing

ROSE MARY PETRASS  |  TUESDAY, 28 JAN 2025
The global ethics watchdog has issued fresh directives on judging green claims, with the minutiae still in flux in Australia as mandatory reporting begins for large entities and financial firms. Part of a broad crackdown on greenwashing and ESG-related ...

Insignia Financial appoints chief technology officer

MATTHEW WAI  |  TUESDAY, 28 JAN 2025
Insignia Financial has appointed a new chief technology officer, promoting from within. Damien O'Donnell has commenced in the role, replacing acting chief technology officer Frank Lombardo who was in the role for the past six months. O'Donnell brings ...

Binance Labs becomes a family office

KARREN VERGARA  |  TUESDAY, 28 JAN 2025
Binance Labs has transformed into a family office known as YZi Labs in a bid to expand its investment focus and step away from blockchain-focused investments. Binance Labs, which was the venture capital arm of major cryptocurrency exchange Binance ...